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$ 228,000
Est. payment | /mo
3 Baths
2,600 SqFt
$ 228,000
Est. payment | /mo
3 Baths
2,600 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,600 sqft
Price per Sqft $87
Subdivision Mi
MLS Listing ID 61001831
Style 2 Story
Full Baths 3
Year Built 1927
Annual Tax Amount $2,414
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 35X108
Property Sub-Type Multi-Family
Property Description
Income-producing brick triplex on Detroit's west side with two additional vacant lots included in the sale. The building consists of one 3-bedroom, 1-bath unit and two 1-bedroom, 1-bath units. All units are occupied with tenants currently paying rent, providing immediate income from day one. The property has a current City of Detroit Certificate of Compliance and separate gas and electric meters for each unit. One shared water meter services the building. Recent improvements include a new sewer line to the city tap (2026), new sump pump (2026), and one newer furnace. The property has been maintained over the years, with repairs completed as needed. The two adjoining lots to the south create additional value and flexibility. Use them for tenant parking, outdoor space, future development opportunities, or simply hold them as part of your investment portfolio. Conveniently located near Livernois Avenue and the Lodge Freeway with easy access to major employment centers, transportation routes, and neighborhood amenities. A solid brick multi-family property with existing income, recent capital improvements, and extra land included in the sale. A great opportunity for investors looking to add a performing asset to their portfolio.
Location
State MI
County Wayne
Area Detroit (82001)
Rooms
Basement Block, Common
Interior
Heating Forced Air
Fireplace No
Exterior
Exterior Feature Brick
Building
Story 2 Story
Foundation Basement
Water Public Water
Structure Type Brick
Schools
School District Detroit City School District
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Conventional,FHA
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by VM Real Estate Group